Volkswagen Establishes "European Battery Union" With Northvolt

Thursday, 21 Mar 2019

March 21 (Reuters) - Volkswagen AG ::VOLKSWAGEN ESTABLISHES "EUROPEAN BATTERY UNION" WITH NORTHVOLT.CONSORTIUM WANTS TO PARTICIPATE IN THE FUNDING FOR THE RESEARCH, DEVELOPMENT AND INDUSTRIALIZATION OF BATTERY TECHNOLOGY.THE PRIMARY GOAL IS A MUCH BROADER ONE COMPETENCY DEVELOPMENT IN BATTERY CELL PRODUCTION..EUROPEAN COMPANIES AND INSTITUTES JOIN TOGETHER TO FORM THE EUROPEAN BATTERY UNION (EBU) CONSORTIUM.START OF JOINT RESEARCH ACTIVITIES SHOULD BE IN EARLY 2020.

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